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The sale of a business usually is not a sale of one asset. Instead, all the assets of the business are sold. Generally, when this occurs, each asset is treated as being sold separately for determining the treatment of gain or loss.

if the value the sale is based on assets - either tangible or intangible - the value is somewhat subjective - how would you truly determine net gain or loss either - for the seller who will report the income as profit or loss or the buyer who would like to deduct that cost of doing business?

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